Punjab National Bank has scheduled its 25th Annual General Meeting for June 20, 2026, to declare a final dividend and approve audited financial statements for the financial year ended March 31, 2026. The meeting will be conducted via video conferencing and other audio visual means without the physical presence of shareholders at a common venue. The Board of Directors has recommended a final dividend of ₹3 per equity share of face value ₹2 each for the financial year 2025-26.

The record date for determining shareholder entitlement to the dividend is June 13, 2026. The bank stated that dividend payments will be made only in electronic mode to shareholders with updated bank account details. Shareholders are required to ensure their bank details, PAN, and contact information are current with their depository participants or the bank's registrar and transfer agent to receive the payout.

Agenda and Voting

The ordinary business agenda includes the adoption of the audited balance sheet as at March 31, 2026, and the profit and loss account for the year ended March 31, 2026. Special business includes the approval of material related party transactions and the appointment or re-appointment of directors on the Board.

E-voting and Participation

Remote e-voting facilities will be available from 9:00 a.m. IST on June 17, 2026, until 5:00 p.m. IST on June 19, 2026. The bank has appointed National Securities Depository Limited (NSDL) to facilitate the remote e-voting and e-voting during the AGM. Shareholders participating via video conferencing will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

The Annual Report for FY 2025-26, containing the AGM notice, has been sent electronically to shareholders with registered email addresses. Physical copies have not been dispatched; instead, a letter with the web-link to the report on the bank's website has been sent to other shareholders. The documents are also available on the bank's website and the websites of BSE Limited and National Stock Exchange of India Limited.

Punjab National Bank has recommended a final dividend of ₹3 per equity share for the financial year ended March 31, 2026, subject to shareholder approval. The record date for determining shareholder entitlement to the dividend is June 13, 2026. The dividend will be paid electronically to shareholders with registered bank details.

The 25th Annual General Meeting of the bank is scheduled for June 20, 2026, at 11:00 am via Video Conferencing and Other Audio Visual Means. Shareholders can participate remotely, and this participation will count towards the meeting's quorum. The meeting agenda includes the adoption of audited financial statements for FY26 and the approval of material related party transactions.

Remote e-voting will be open from June 17, 2026, to June 19, 2026. The bank has fixed June 13, 2026, as the cut-off date to determine voting rights for the remote e-voting process. Shareholders holding physical shares are advised to update their PAN and bank details with the Registrar and Transfer Agent to ensure seamless dividend credit and participation.

The bank stated that dividend declared on or after April 1, 2020, is taxable in the hands of shareholders. Tax Deducted at Source (TDS) will be applicable at prescribed rates. Shareholders seeking tax exemption must submit relevant documents by June 13, 2026.

As per the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, no shareholder other than the Central Government is entitled to exercise voting rights in excess of 10% of the total voting rights.